by Quinns Blog | May 29, 2019 | Blog
Payroll tax is payable on all wages paid or payable to an employee. In most cases, it will be clear whether an employee/employer relationship or a principal/independent contractor relationship exists. However, there may be cases where the true character of the...
by Quinns Blog | May 29, 2019 | Blog
Often times bankrupt debtors have large tax debts owed to the Australian Taxation Office (ATO). During bankruptcy, the debtor is obligated to lodge their income tax returns each year as normal. Generally, any personal income tax refunds will be retained by the ATO...
by Quinns Blog | May 22, 2019 | Blog
The terms of the trust deed for the member’s superannuation fund specify the persons who may benefit from the member’s death benefit. Usually, superannuation death benefits can be paid to a dependant of the deceased member or their legal personal representative (the...
by Quinns Blog | May 22, 2019 | Blog
Are you a customer of the Commonwealth Bank? Even if you’re not, you’re being targeted anyway – scammers are sending texts to Australians pretending to be the major bank with the goal of stealing your details. A number of texts, sent to an Australian that does not...
by Quinns Blog | May 15, 2019 | Blog
A superannuation death benefit is a payment you make to a dependant beneficiary or to a trustee of a deceased estate after the member has died. Superannuation death benefits do not automatically form part of the Estate of a deceased member. In many cases, the trustee...
by Quinns Blog | May 15, 2019 | Blog
Taxpayers, who rent part of their home, must declare the rental income in their income tax return. Several deductions for the associated expenses can be claimed, such as part or all of the interest on the home loan, a portion of water bills and so on. However, if...
by Quinns Blog | May 8, 2019 | Blog
In the recent case of Re. Marsella; Marsella v Wareham (No 2), Helen Marsella was the sole member of the Swanston Superannuation Fund. Her daughter, Caroline Wareham and Helen were the trustees of the fund. Helen died on 27 April 2016. On 17 April 2017, Caroline...
by Quinns Blog | May 8, 2019 | Blog
The ATO as released updated benchmark data to ‘help small businesses across the country….. gauge the strength of their business and keep an eye on their competition”. The benchmarks also help the ATO identify small businesses that may be doing the wrong thing and not...
by Quinns Blog | May 1, 2019 | Blog
Drivas v Jakopovic [2018] NSWSC 1803 In 2007, Marija Jakopovic made a will leaving 60 percent of her estate to her daughter, Branka, because of the daily attention to her needs. She received treatment from a neurologist for dementia, obtained a Mini Mental score...
by Quinns Blog | May 1, 2019 | Blog
There are many deductions for the taxpayer to claim in his/her Tax return during the financial year 2018. One of them is tax deduction for personal super contributions. You may be able to claim a tax deduction for personal super contributions that you made to your...
